NexGen Energy Ltd. (NYSEAMERICAN:NXE – Get Rating) shares rose 5.7% during trading on Tuesday . The stock traded as high as $4.46 and last traded at $4.46. Approximately 150,276 shares traded hands during trading, a decline of 95% from the average daily volume of 2,788,777 shares. The stock had previously closed at $4.22.
NexGen Energy Stock Performance
The stock has a market cap of $2.20 billion, a P/E ratio of -38.25 and a beta of 1.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 8.31 and a current ratio of 8.31.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of NexGen Energy by 3.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,132,063 shares of the company’s stock worth $114,115,000 after buying an additional 606,355 shares in the last quarter. Alps Advisors Inc. bought a new stake in shares of NexGen Energy in the second quarter worth $31,916,000. Bank of New York Mellon Corp grew its stake in shares of NexGen Energy by 12.9% in the third quarter. Bank of New York Mellon Corp now owns 5,117,341 shares of the company’s stock worth $18,780,000 after purchasing an additional 583,441 shares during the last quarter. Royal Bank of Canada grew its stake in shares of NexGen Energy by 26.1% in the third quarter. Royal Bank of Canada now owns 4,181,118 shares of the company’s stock worth $15,346,000 after purchasing an additional 864,226 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its stake in shares of NexGen Energy by 3.5% in the first quarter. 1832 Asset Management L.P. now owns 3,976,501 shares of the company’s stock worth $22,242,000 after purchasing an additional 135,711 shares during the last quarter. 25.55% of the stock is currently owned by institutional investors and hedge funds.
NexGen Energy Company Profile
NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. Its principal asset is the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.
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